What are the token economics of mln (mln)?

The original token economics of MLN involved an ongoing inflation rate of 300,600 new tokens issued each year, with any that weren’t allocated being burned. However, the Enzyme Council is considering a proposed change to the economic model which would mean token emission decreasing by 20% each year from 2021.

What is token burning and how does it work?

Token burning can be used by absolutely anyone who owns private keys for a given token – in theory it could be used to simply get rid of unwanted tokens received in drops.

What is mln and how can it be used?

Users can also use MLN, the utility token of the network, to participate in network governance by proposing and voting on changes to the protocol and its parameters.

How does the MLN engine work?

The Engine sells ETH for MLN at a premium price then burns the purchased MLN tokens to regulate the supply and remove these tokens from the total supply. The network consists of two layers, as previously mentioned, the Fund layer and the Infrastructure layer.